20 000 Forint

The 20,000 forint is the highest denomination in regular Hungarian circulation, introduced as part of the 2014–2015 series update that brought significant security upgrades across the forint range. Magyar Pénzjegynyomda has printed Hungarian currency continuously since 1926 — the 1923 founding date marks the company's establishment, with production beginning a few years later — making this one of relatively few countries whose central bank notes are entirely designed, engraved, and printed domestically at a single facility.

Vagyóczky's intaglio engraving on the obverse is worth noting: Hungarian banknote engraving remains one of the few active traditions of hand-engraved intaglio in European central bank production.